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f(x) Protocol

f(x) Protocol is a decentralized protocol incubated by Aladdin DAO. Its documentation describes a system that separates collateral exposure into a stablecoin component, fxUSD, and leveraged xPOSITION instruments.

StageDAO
Websitefx.aladdin.club ↗

Products

fxUSD active $56M
fxUSD
Crypto Backed

fxUSD is f(x) Protocol's USD-pegged stablecoin. The official site states that fxUSD is backed by wstETH and WBTC and can be minted or redeemed through protocol mechanisms rather than through fiat reserves.

Overview

f(x) Protocol is a decentralized protocol incubated by Aladdin DAO. Its documentation describes a system that separates collateral exposure into a stablecoin component, fxUSD, and leveraged xPOSITION instruments.

Products

Stablecoins issued by this entity: FXUSD.